---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-011111"
form_type: "8-K"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T04:54:11.505641+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NextPlat announces $6.0M private placement of common stock at $1.75/share

## Summary
- Gross proceeds of $6.0M from sale of 3,428,571 shares at $1.75/share, the April 4, 2023 closing price.
- Expected to close on or before April 10, 2023; proceeds for working capital and new E-Commerce Development Program.
- Shares sold to accredited investor under Section 4(a)(2) and Regulation D; resale registration required within 120 days of closing.
- Transaction enhances balance sheet and supports Florida businesses accessing Asian markets.

## SEC filing metadata
- accession: 0001493152-23-011111
- form_type: 8-K
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000149315223011111/0001493152-23-011111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000149315223011111/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-011111
- JSON: https://secwatch.observer/filing/0001493152-23-011111.json
- Plain text: https://secwatch.observer/filing/0001493152-23-011111.txt

## Key facts
- Material Agreements
  NextPlat Corp entered into Purchase Agreement with accredited investor valued at $6.0 million (effective 2023-04-05).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: accredited investor
  - Value: $6.0 million
  - Effective: 2023-04-05
  source text: On April 5, 2023, NextPlat Corp (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with an accredited investor (the “Investor”) for the sale by the Company in a private placement of 3,428,571 shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000149315223011111/0001493152-23-011111-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.